Car loan calculator

Easily estimate your budget for your dream car

Vehicle price

$

Down payment

Optional

$

Trade-in value

Optional

$

Term length

Credit score

Your estimated biweekly payment

$296

8.99% APR (estimated based on your credit score)

Personalize your financing terms in minutes, with

no impact to your credit score.

Get financing through Clutch

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Quick and easy

Fill out our online form to get pre-qualified in minutes––with no fees, and no impact to your credit score.

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Shop within your budget

Discover the perfect vehicle with payments you are pre-qualified for.

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Competitive rates

We partner with some of Canada's largest financial institutions to help get you a great rate.

Meet our biggest fans

review author with their recently purchased car
google logo five stars

Bought a 2017 Civic from them in 2022 when I moved to Canada for a work assignment. 20 months later, as my work assignment is ending, I just sold it back to them. The car was in very good condition when I bought it from them , and I also maintained it well, so there was no problem while selling it back to them. They also made the documentation process very clear and easy to follow. My experience as a buyer and as a seller has left me very impressed with Clutch. After the sale, I received my money in my bank account within 2 business days 👍🏻

Prashant M.
Mississauga, ON
review author with their recently purchased car
google logo five stars

Great first experience in buying a car online!

Bill K.
Hamilton, ON
review author with their recently purchased car
google logo five stars

Had an amazing experience.The whole process is so simple and the team is so efficient. For my next vehicle I’m definitely coming back to clutch.

Kitchener, ON
review author with their recently purchased car
google logo five stars

Working with Clutch was the best car buying experience! I was nervous about buying a used vehicle online to be honest. Once I made the leap and put down a deposit on a vehicle, everything just flowed from there. I was contacted by my advisor, he went over the financing, found me an awesome rate and made sure the payments were in my price range. Shout out to Sahil for being so awesomeeeee and making this process a breeze!!! The delivery team was the best! Super accommodating and were there to answer any questions. I can't say enough good things about my experience with Clutch!

Caitlin E.
Chatham, ON
review author with their recently purchased car
google logo five stars

Had such a great, and welcoming experience with Clutch. The whole process was easy, the staff kept me in the loop the whole time, and there was no hidden fees or anything along the way. Thank you David (online/telephone) for making the purchase of our first car such a painless experience. Also Chadi and Geremy (onsite) for being so knowledgeable, jovial, and putting me at ease with the final steps in the purchase process including having the car ready to go so quickly. This is the way forward folks :)

Jeremy D.
Halifax, NS
review author with their recently purchased car
google logo five stars

Excellent service from interest to delivery. Supportive any time of day and helpful at every step. Price was great and the best car buying experience of my life. Have purchased new and used before and this was so much easier!

Eric M.
Ottawa, ON
review author with their recently purchased car
google logo five stars

I had the pleasure of dealing with Jon for the purchase of my 2018 Honda Odyssey. He was very quick at answering all my questions. Highly recommend!

Matt A.
Woodstock, ON
review author with their recently purchased car
google logo five stars

Clutch changed the way i used to look at buying a car. Made everything so extremely easy and enjoyable. Im so happy with them

Cristian A.
Fraserville, ON
review author with their recently purchased car
google logo five stars

This experience seems like a game changer. Car sales have never before been about full transparency by the dealership, never been about not having to haggle and hassle about the price and never really knowing what the true value of the vehicle you are getting could and should have been. But clutch is upfront about price (which was reasonable on most vehicles) , upfront about any blemishes (infact they actually mark them down and post photos along with the rest of the vehicle photos), they provide a carfax as well as their own in-hour inspection report which does not seem to be biased. Its all laid out infront of you for every vehicle you inspect (which was a big collection when i went shopping), initiating an order was also easy (a 100$ deposit) followed by rest of the steps in 2-3 days. They shipped the car to my city and the delivery team was excellent, courteous and very patient. Let me test drive thoroughly and once satisfied, they took time to explain all details in the sale agreement as well as took pics for me and my family with our new purchase. I have traditionally always bought from dealerships, but now this would be my preferred as well as recommended method that i would suggest everyone to try.

Gautam K.
Nepean, ON
review author with their recently purchased car
google logo five stars

Bought a 2017 Civic from them in 2022 when I moved to Canada for a work assignment. 20 months later, as my work assignment is ending, I just sold it back to them. The car was in very good condition when I bought it from them , and I also maintained it well, so there was no problem while selling it back to them. They also made the documentation process very clear and easy to follow. My experience as a buyer and as a seller has left me very impressed with Clutch. After the sale, I received my money in my bank account within 2 business days 👍🏻

Prashant M.
Mississauga, ON
review author with their recently purchased car
google logo five stars

Great first experience in buying a car online!

Bill K.
Hamilton, ON
review author with their recently purchased car
google logo five stars

Had an amazing experience.The whole process is so simple and the team is so efficient. For my next vehicle I’m definitely coming back to clutch.

Kitchener, ON
review author with their recently purchased car
google logo five stars

Working with Clutch was the best car buying experience! I was nervous about buying a used vehicle online to be honest. Once I made the leap and put down a deposit on a vehicle, everything just flowed from there. I was contacted by my advisor, he went over the financing, found me an awesome rate and made sure the payments were in my price range. Shout out to Sahil for being so awesomeeeee and making this process a breeze!!! The delivery team was the best! Super accommodating and were there to answer any questions. I can't say enough good things about my experience with Clutch!

Caitlin E.
Chatham, ON
google logo
five stars

4.7 stars, 1000+ reviews

FAQ

Applying is easy and completely online. Select ‘Financing’ as your preferred payment method during checkout and you'll be guided through all of the steps to complete your application. Once you complete your financing application, we’ll send it to potential lenders for approval. If potential lenders require more information, we’ll reach out and ask you to provide it.

Gross income is your total monthly or yearly income before any taxes are deducted. This amount is higher than your “net pay” or “take-home pay.”

Interest is calculated on a per payment basis. This means that if you pay the loan off early you will not be charged the remaining interest. Note: If you decide to put extra money down on the loan after you take possession of the car, it will not lower your payment instalments—it will only shorten the length of the term of the loan.

The minimum amount your lender can lend is $7,500 after taxes. If the amount is below this, lenders cannot finance a contract. Once the vehicle is financed, however, you can immediately put money down on the loan to reduce it to your desired loan amount.

If you didn’t qualify for financing, we suggest adding a co-applicant! That will help strengthen your profile to increase the probability of approval. Email us at offers@clutch.ca and we can help guide you through the process.

Down payments are usually not required. In some cases, however, lenders may require a down payment to approve financing. If you choose to put a down payment, you may pay as much as you’d like as long as the minimum amount financed is $7,500. If the amount is below this, lenders cannot finance a contract.